Biden Does Not Support the Green New Deal

[taiwan_girl]

@Jolly said in Biden Does Not Support the Green New Deal:

Now, tell me what happens when Biden does as promised and raises that rate to 28%?

Nothing. I believe it was the President Trump Treasury secretary who stated that the lowering of the tax rate was probably lower than what was needed. 28% would have been fine.

It all goes back to:

My party President is in power, good things happen because of him. Bad things happen in spite of him.

Opposite party President in power, good things happen in spite of him. Bad things happen because of him.

[Jolly]

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly said in Biden Does Not Support the Green New Deal:

Now, tell me what happens when Biden does as promised and raises that rate to 28%?

Nothing. I believe it was the President Trump Treasury secretary who stated that the lowering of the tax rate was probably lower than what was needed. 28% would have been fine.

Horseshit. Next thing you're going to tell me is less money is better than more money.

[taiwan_girl]

@Jolly what is your measure of economic success?

GDP Growth?
Unemployment rate?
%wage grow vs inflation?
Change in stock market %?
Inflation rate?
Change in trade? (Or change in import/exports)
Tax rate for business/personal?
Increase/decrease in det?
????

Just curious. Anyway, time for bed.

Good discussion.

[Aqua Letifer]

@Jolly said in Biden Does Not Support the Green New Deal:

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly said in Biden Does Not Support the Green New Deal:

Now, tell me what happens when Biden does as promised and raises that rate to 28%?

Nothing. I believe it was the President Trump Treasury secretary who stated that the lowering of the tax rate was probably lower than what was needed. 28% would have been fine.

Horseshit. Next thing you're going to tell me is less money is better than more money.

It wasn't TG, but rather the Notorious B.I.G. who told you that.

[Jolly]

Heard of him. Never listened to him.

[Larry]

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly Is President Trump responsible for all those people OUTSIDE the US that have been buying so many Apple products so that Apple sales outside the US are more than 60% of total revenue, which has a impact on the increasing Apple stock price which makes the US stock market better?

You know me through this forum board well enough that my opinion is that "presidents get too much credit when things are good and too much blame when things are bad".

Your question has nothing to do with anything. It's utterly irrelevant . What IS relevant in connection to Trump is build new faclities here in the US, and create that thanks to Trump's tax policy, Apple is spending a billion dollars plus to build new facilities in thevUS and hire around 20,000 more people. This, all due to Trump's tax plan.

So you brought the proof that you're long held opinion regarding presidents and too much credit is wrong.

[Aqua Letifer]

@Jolly said in Biden Does Not Support the Green New Deal:

Heard of him. Never listened to him.

Sadly, he was unavoidable if you were an adolescent in the 90s.

Anyway, you know who else doesn't support the green new deal? Conservationists such as myself.

[xenon]

@Larry said in Biden Does Not Support the Green New Deal:

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly Is President Trump responsible for all those people OUTSIDE the US that have been buying so many Apple products so that Apple sales outside the US are more than 60% of total revenue, which has a impact on the increasing Apple stock price which makes the US stock market better?

You know me through this forum board well enough that my opinion is that "presidents get too much credit when things are good and too much blame when things are bad".

Your question has nothing to do with anything. It's utterly irrelevant . What IS relevant in connection to Trump is build new faclities here in the US, and create that thanks to Trump's tax policy, Apple is spending a billion dollars plus to build new facilities in thevUS and hire around 20,000 more people. This, all due to Trump's tax plan.

So you brought the proof that you're long held opinion regarding presidents and too much credit is wrong.

The facts don't really bear this out. There wasn't a big investment spree after the tax cuts:

[xenon]

@Jolly said in Biden Does Not Support the Green New Deal:

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly said in Biden Does Not Support the Green New Deal:

You evaded the question.

No, President Wilson was not wholly responsible for the economics because of the Spanish flu in 1918. Just as President Trump is not wholly responsible for the economic crash during COVID. He has a pretty much minor responsibility for what happened. I don’t think of a Democrat were President, things would have been much different.

Now your turn to answer my question. LOL
(How much responsibility/credit does President Trump have for the rise of Apple stock and its effect on the US stock market, considering 60% of revenue comes from outside the US?)

Quite a bit. Trump was able to lower Apple's corporate tax rate to 22%, which puts more money in Apple's pocket, leading to an ability to either use that money for more factories, better or more marketing, R&D, etc. Those dollars which help the company can drive innovation, marketing, etc, allowing them to compete better globally.

Now, tell me what happens when Biden does as promised and raises that rate to 28%?

Apple was sitting on the biggest pile of cash in human history before the tax cuts. Lending rates at historic lows.

It was time to pay our bills.

And I say that as someone who benefited thousands of dollars from the tax cuts.

[Horace]

It's nice to say "it was time to pay our bills" but you express an attitude that would never pass into legislation, nor be supported by any viable presidential candidate. Right? Or do you disagree?

[xenon]

@Horace said in Biden Does Not Support the Green New Deal:

It's nice to say "it was time to pay our bills" but you express an attitude that would never pass into legislation, nor be supported by any viable presidential candidate. Right? Or do you disagree?

It has no chance of passing into legislation because more people act like it doesn't matter. (This is where the Republicans used to be the adult in the room)

From a philosophical perspective Trump has zero issue juicing current growth (or at least trying) - by sapping future generations. And you're right, people are generally pretty cool with that.

Our politicians reflect our attitudes.

[Horace]

Yes of course. Future generations have future technology anyway. Let’s call it a fair trade. What with all the technological groundwork we’ve laid for them.

[xenon]

@Horace said in Biden Does Not Support the Green New Deal:

Yes of course. Future generations have future technology anyway. Let’s call it a fair trade. What with all the technological groundwork we’ve laid for them.

That's actually an interesting argument (and I'm not being cheeky).

"You kids owe us anyways, because we invented computers. Make them better and outgrow our debt."

[Larry]

@xenon said in Biden Does Not Support the Green New Deal:

@Larry said in Biden Does Not Support the Green New Deal:

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly Is President Trump responsible for all those people OUTSIDE the US that have been buying so many Apple products so that Apple sales outside the US are more than 60% of total revenue, which has a impact on the increasing Apple stock price which makes the US stock market better?

You know me through this forum board well enough that my opinion is that "presidents get too much credit when things are good and too much blame when things are bad".

Your question has nothing to do with anything. It's utterly irrelevant . What IS relevant in connection to Trump is build new faclities here in the US, and create that thanks to Trump's tax policy, Apple is spending a billion dollars plus to build new facilities in thevUS and hire around 20,000 more people. This, all due to Trump's tax plan.

So you brought the proof that you're long held opinion regarding presidents and too much credit is wrong.

The facts don't really bear this out. There wasn't a big investment spree after the tax cuts:

I didn't say there was. I said that Apple Corp is going to spend a billion dollars building new facilities in the US and hire around 20,000 more people. And sorry, but it is going to happen as a direct result of Trumps tax cut.

https://www.apple.com/newsroom/2018/12/apple-to-build-new-campus-in-austin-and-add-jobs-across-the-us/

[xenon]

@Larry said in Biden Does Not Support the Green New Deal:

@xenon said in Biden Does Not Support the Green New Deal:

@Larry said in Biden Does Not Support the Green New Deal:

@taiwan_girl said in Biden Does Not Support the Green New Deal:

@Jolly Is President Trump responsible for all those people OUTSIDE the US that have been buying so many Apple products so that Apple sales outside the US are more than 60% of total revenue, which has a impact on the increasing Apple stock price which makes the US stock market better?

You know me through this forum board well enough that my opinion is that "presidents get too much credit when things are good and too much blame when things are bad".

Your question has nothing to do with anything. It's utterly irrelevant . What IS relevant in connection to Trump is build new faclities here in the US, and create that thanks to Trump's tax policy, Apple is spending a billion dollars plus to build new facilities in thevUS and hire around 20,000 more people. This, all due to Trump's tax plan.

So you brought the proof that you're long held opinion regarding presidents and too much credit is wrong.

The facts don't really bear this out. There wasn't a big investment spree after the tax cuts:

I didn't say there was. I said that Apple Corp is going to spend a billion dollars building new facilities in the US and hire around 20,000 more people. And sorry, but it is going to happen as a direct result of Trumps tax cut.

https://www.apple.com/newsroom/2018/12/apple-to-build-new-campus-in-austin-and-add-jobs-across-the-us/

Here's Apple's Capex profile:

Fiscal year ... Capex .... Rev ...... %Rev
2015-09-26 11.247 B 233.7 B 4.8%
2016-09-24 12.734 B 215.6 B 5.9%
2017-09-30 12.451 B 229.2 B 5.4%
2018-09-29 13.313 B 265.6 B 5.0%
2019-09-28 10.495 B 260.2 B 4.0%

Note the big drop in Fiscal 19

My point was also more broadly about the aggregate effect of the tax cut.

[Larry]

That and a box of bananas will get you an hour with a monkey.